CAI To Wage Battle In Massachusetts
Expect a ton of money to be poured into the pockets of Massachusetts legislators over the next week. What’s up? The State Senate has agreed to a ‘common sense’ bill to order condo associations to pay the legal costs of homeowners who have to sue to get financial records.
A homeowner has an absolute right to see the association’s financial documents, budgets and insurance policies. It’s basic common sense, especially for homeowners who are trying to sell their homes and move out. Mortgage companies require it. The current law mandates that those records be made available. But there’s no penalty for corporate deviants who decide they’re above such puerile requirements.
